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US Unemployment Claims, Retail sales, PPI and Prelim UoM Consumer Sentiment are the highlights of this week. Check out these events and more, on our weekly outlook.
Last week, US Non-Farm Payrolls disappointed with only 169K as employers hired fewer workers than expected in August. The unemployment rate hit a 4-1/2-year low of 7.3% amid a plunge in labor participation rate, reaching its lowest level since the 1970′s. In light of this worrisome release, analysts believe the Fed will refrain from starting its tapering plan this month despite cumulative progress on the economy. Will the US labor market do better in September?
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That’s it for the major events this week. Stay tuned for coverage on specific currencies
*All times are GMT.
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